Two-thirds of small and mid-size business owners say they plan to increase prices next year as they continue to battle inflation, according to a report. https://t.co/oIgMh9NCEy ...

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Seven out of 10 small businesses see inflation as their top worry for the months ahead, with 64% raising prices for goods or services, Bank of America found in a national survey. Price pressures have compelled nearly four out of 10 small businesses (39%) to reevaluate cash flow and spending for the coming year, Bank of America said. Still, 74% of small busines ...

Target said Wednesday it plans to invest $5 billion across stores next year in an effort to win back customers as the retail giant reported its 12th-straight month of weak or falling sales.Same-store sales fell 2.7% in the three months ended Nov. 1. Customers visited Target less often and spent less while they were there, with foot traffic plunging 2.2% and average transactions falling 0.5% from the previous year.Target said Wednesday that it plans to invest $5 billion across stores next year. REUTERSShares ...

Money markets indicated there was an 87pc chance of a reduction in borrowing costs in December, compared to 79pc before the CPI data was published.However, there was some comfort for mortgage holders as traders raised bets on the Bank of England cutting interest rates next month following the drop in inflation.Tory leader Kemi Badenoch said inflation “has nearly doubled” since Labour came to power. She pointed to the ONS figures showing food inflation rose from 4.5pc in September to 4.9pc in October, which ...

The latest UK inflation reading suggests that we're past the peak, and leaves the door open to a Bank of England rate cut next month. But first the Chancellor must deliver a budget that avoids the inflationary consequences of her first one. https://t.co/JV6nXUsWC6 ...

The discount retailer continues to win over inflation-weary shoppers with its value and deals. ...

Today, retail giant Target Corporation (NYSE: TGT) reported its third-quarter fiscal 2025 earnings. Unfortunately, for the company and its investors, the results were a continuation of what Target has been seeing for years now: declining sales. Most Read from Fast Company Here’s what you need to know about Target’s Q3 and the impact the earnings are having on the company’s stock price today. Target’s Q3 2025 at a glance Here’s what the big box retailer reported for its Q3 2025: Net sales: $25.3 billio ...

What should the Fed do to fight high inflation while preventing the job market from collapsing? Ask its 12 leaders and you'll get 12 different answers. https://t.co/TRV5wAli3k ...

Core Insights - Target's third-quarter profit decreased by 19% as the retailer faces challenges in attracting customers amid high inflation [1][2] - The company anticipates continued sales decline through the holiday shopping season, leading to a 43% drop in stock value over the past year [1] - Incoming CEO Michael Fiddelke is tasked with reversing the sales downturn and restoring Target's reputation for affordable yet stylish products [2] Company Actions - Target is eliminating approximately 1,800 corporate positions, representing about 8% of its corporate workforce, to streamline decision-making and improve customer engagement [3] - To boost sales, Target is introducing over 20,000 new items and lowering prices on thousands of essential products [4] - The company plans to invest $5 billion next year in store remodeling and new store construction [4] Market Comparison - Target's struggles contrast sharply with Walmart's performance, which continues to thrive in the current retail environment [3] - Consumer complaints about store conditions and product offerings have affected Target's brand image, which was previously associated with affordable luxury [5] External Factors - The retail sector has been navigating challenges such as tariffs and immigration policies that impact labor supply [6] - The recent federal shutdown is expected to have a delayed negative impact on the economy, affecting various sectors including retail [6]

Target is betting a billion-dollar facelift will improve its fortunes after a rough couple of years. The Minneapolis-based retailer posted its earnings on Wednesday, its 10th quarter in the past 12 with negative or flat comparable sales, and cautioned that the critical fourth quarter will likely be down as well."We're far from satisfied with our current results, and we won't be satisfied until we're operating at our full potential," incoming CEO Michael Fiddelke said in a call with reporters. Third-quarte ...